Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues

President Trump said Wednesday he was placing 25% tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers.

Mar 27, 2025 - 01:40
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Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues
President Trump said Wednesday he was placing 25% tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers.